How I Avoid False Breakouts (My Secret Technique)

#smbcapital #stockmarket #daytrading

[VansusVie]

I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next Nvidia in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.

[EARealRacingDriver]

i literally watch this channel and use it to understand where to profit, and i will say i have made profit ever since... there is no other
channel like this with so much accuracy

[rizwan]

This is gold. Its what ive experienced and subconsciously know but first time hearing it articulated.

[benjaminficus]

This video would have been much better with about 1/10 the number of words and ten times more examples. Too much yacking, not enough demonstrating.

[jerseyjeeper]

Before I even finish the video I’m pausing it to say that as soon as you start to think about bragging or getting kudos you’re on the way to losing that trade. Mark my word.

[tehuti]

Haven’t even watched the video but my personal tip is don’t trade the initial breakout. Trade the retest of the level that it broke out from

[CynthiaMorgan-qpzl]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.

[charmjasmi]

i watched many SMB vids, all are very informative, very educational and full of wisdom ! btw, I like Jeff presentation most, he is so good at explaining and breaking things down into very details. Thanks Jeff, Mikey, and all SMB educators

[pgohearn]

The visual effects really add texture. Thanks for another great vid.

[DoubleBtmBouncer]

I've learned that support and resistance levels are more of a "zone" that a specific price level. Can be a few dollars wide on high volatile stock or as narrow as 1.00 on lower volatile stocks. All depends on the wicks and bodies in those zones. A resistance level can be between say 190 and 193 on a high volatile stock. The stock pushes up, breaks 190 with higher volume, everyone thinks its a break out, then it hits the top of that zone at 193, rejects, and breaks right back down under 190. Identifying those zones helped me a lot over the years and stopped me from getting into those false break outs. Fomo (fear of missing out) is real, people chase too many stocks when in reality if a stock is really strong it will give u multiple entries. Same when a stock is weak. We don't have to catch the WHOLE move a stock makes, we just have to catch part of the move to be profitable.

[gilligan]

man this is so great thanks jeff. Would have been amazing if you had chart examples of "rangy breaks" and " extended breaks" though. A brief follow up video on this with more examples would be stellar!

[pawsthought]

As a trend trader I rarely encounter range breakouts, my capital is allocated to other stocks. I break out of resistance levels but I’m trading the moving averages

[jeffrydiamond]

You just described my exact problem: how an expectation causes a freeze as the knife falls. Thank you for this video. I will use the information.

[jsk]

Thank you for the continual sharing of great teaching you guys do! Very much appreciated!

[ryszardszalkiewicz]

Jeff,
You can identify a false breakout in real time by being aware of your expectations, emotions, and other positive reactions including accompaning thoughts. If they are positive, then you know that it is a false breakout. Our expectations and emotions are excellent indicators if treated counterintuitively.

[henrymitchell]

I am very proud to say as well that my portfolio is up approx 72% YTD. Around 6x of that of the spy (around 15% gain) and 1.93x that of the QQQ (around 47% gain).

[airsantempire]

I've been burned by false break outs so many times that I wait until the false break out happens and then I take the trade.

[theMillerCode]

NOTHING takes the wind out of your sails like a trade that setup up for a break out then sputters out of the gate.

[Alex-qrir]

Thank you very much Jeff. The depth of this video is fantastic!

[k.mcquistanpop]

This is the a very informative playbook in itself. Thanks for offering your experience on these conditions.